Does equity volatility affect the corporate investment level?
The paper studies the relation between valuation and corporate investment level. It provides an insight to the q-model and its implications for investment level. By acknowledge the q-model’s empirical shortcomings it questions whether adjustments for volatility will strengthen the q-model empiricall...
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| Format: | Others |
| Language: | English |
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Uppsala universitet, Nationalekonomiska institutionen
2007
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-7641 |